In the national flood program (NFIP), “substantial damage” means that repair costs for a home in a Special Flood Hazard Area are at least 50% of its market value.
Source: Florida Realtors
In the national flood program (NFIP), “substantial damage” means that repair costs for a home in a Special Flood Hazard Area are at least 50% of its market value.
Source: Florida Realtors
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